All users of this Website agree that access to and use of this Website are subject to the following terms and conditions.
This Agreement defines the terms and conditions (the "Terms") between you (a "Funder/investor", "you") and FarmNet ("FarmNet", the "Company", "we", or "us") under which you agree to fund local farmers to cultivate farm plots through investing in projects by our website (the "Platform"). You must read through these Terms and Conditions carefully.
FarmNet's mission is to make farmers more productive and successful by connecting them with investors, consumers, and the latest technology. We will implement a chain of supplies of fresh consumables farmed products while ensuring food safety and environmental sustainability.
Legal and Information
FarmNet is a limited company registered in Bangladesh. FarmNet is an Agro-Technology company providing innovative and digital solutions for its users and connecting investors and farmers to gain funding in promoting technology-enhanced sustainable agriculture.
Membership can be availed at any time by signing up from the FarmNet website (farmnet.asia). If you are an investor, you can join FarmNet by investing in our upcoming projects. If you are a farmer, you can join FarmNet as a partner lending your land on a profit sharing basis.
Access and Use
If we discover that the Platform is being used to launder money or for any questionable trades. We have an obligation to report you/your activities to the relevant authorities without consulting you.
Terms and Termination
Except as otherwise terminated following the requirements below, these Terms shall start on the date you register to fund a farm with the Company and shall remain valid and compulsory for as long as you have outstanding funded agriculture cycles. Any amended Terms may supersede these Terms. You may terminate these terms if you have no exceptional funded farming cycle. Notice of termination must be provided in writing to [email protected]. The Corporation may remove these Terms at any time without notification.
You agree that the Company has no obligation to reimburse or indemnify you for any cost, loss, or liability that you incur due to the failure of a farm to yield according to expectations. If you share your personal information with others and change your information on the Website or do a suspicious activity, you will be liable for the acts.
Conflict Resolution of FarmNet
This agreement shall be interpreted and controlled by the laws enforced in Bangladesh. Any controversy arising out of this agreement, which cannot be settled by mutual agreement through negotiation within 30 days shall be passed to a third party of choice.
This agreement shall be interpreted and controlled by the laws enforced in Bangladesh.
Refund Policy of FarmNet
If the project is at risk or fails, there is an opportunity to provide financial assurance to the investors through mutual consultation, giving priority to investment. Refund amount can be transferred through Bank-to-Bank transaction or investor preferred method.FarmNet ensures efficient utilization of fund on the specific project the investor has selected. However, if the project is delayed or interrupted due to any unavoidable circumstances - the 'Board of Director' should hold the right to allow the fund to transfer into any other suitable project in order to ensure the timely return of the investor's investment.
For any circumstances, if the investor likes to refund their investment before the due date to complete the project - the investors will not be eligible to get the projected interest applicable against the principal. However, a full refund will be transferred back to the investor's bank account after deducting a maximum of 2.5% service charge.